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Well Established Pet Shop In Croydon For Sale

Croydon, London, UK
Asking Price:
£59,950
Sales Revenue:
£237,898
Cash Flow:
Available on request

Same Owner Since 1979
Nominated For A Croydon Business Award
Rated Best Pet Shop In Croydon By Google
Accounts Year End October 2019
Annual Turnover £237,898
Gross Profit £83,780
Advised Figures For Year End October 2020
Annual Turnover £260,255
Gross Profit £114,495
Scope To Improve Social Media Presence
Prominent High Street Trading Location
Outstanding Reviews Noted Online
Retirement Sale
Excellent Reputation Within Local Community
Scope to Extend Opening Hours
EPC - D

REF 6047 – Leasehold Pet Shop
Blacks Brokers are proud to bring to the market this leasehold pet shop located in a busy and much sought-after area of New Addington, Croydon.

INTRODUCTION
Burgess Boys Pet Care Centre has been trading on Central Parade since 1979 with our client in ownership since opening. During this impressive trading history, the business has gained a large base of repeat customers and a superb reputation. This business is regularly featured on children's TV channel Cbeebies on My pet & Me. The shop offers a range of live animals and supplies along with a wealth of knowledge in this field.

LOCATION
Located on Central Parade in New Addington near Croydon, this area is well-linked with the A232, A22 and M25. Biggin Hill Airport lies close by and the business is neighboured by many other shops and businesses. Public transport in this area is excellent including a tram link and one hour free parking is available immediately outside the shop.

REASON FOR SALE
Burgess Boys Pet Care Centre is only being offered for sale due to our client’s retirement.

LEASE
The building will be available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The new lease will be fully negotiated with our client and will run at a cost of £425 per week for up to 21 years.

BUILDING LAYOUT AND DESIGN
Burgess Boys Pet Care Centre is housed within the ground floor of a large, double fronted, three storey property within a parade of other shops and businesses. The shop is very well branded with lovely signage displayed above the main entrance and shop front. Inside, the unit consists of a well-stocked shop floor sales area of approximately 777 square feet with a customer service desk at the front and aquatic and livestock displays to the rear. Stock is displayed on wall shelving, central gondolas and cages, tanks and other enclosures as required. Below the shop is a cellar which comprises of a number of storage rooms, packaging room and two private office areas. All areas are presented well with good quality fixtures and fittings in place. To the rear is a large gated driveway with space for up to six vehicles and contains a secure storage unit. A modern EPOS system is used for stock control.

STAFF
Burgess Boys Pet Care Centre is currently operating with 3 part-time and 2 full-time members of staff in employment in addition to our client working on a part-time basis.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Burgess Boys Pet Care Centre has traded solidly over its trading history. The business has generated an annual turnover of £237,898 in 2019 with gross profits of £83,780 with 5-10% of this being livestock sales. The advised figures for 2020 show an annual turnover of £260,255 and a gross profit of £114,495.

SUMMARY
This is a superb opportunity to acquire a well-established, professionally managed and profitable pet shop with no immediate competition. The business offers much scope for development by expanding the current website and online ordering service, and introducing other pet related services such as grooming and hydrotherapy. Staff costs could be reduced with the introduction of a new hands-on owner. The business has a virtual tour of the shop which may be viewed on line.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat - 9.00am - 5.30pm Sunday - 10.00am - 3.30pm

Contact Blacks Business Brokers

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